North East Carry Corp Ltd
NSE: NECCLTD · Logistics Solution Provider · sector
₹17.40NSE close 2026-10-26
Key numbers
Market cap₹182 cr
Price₹17.40
52w high / low₹24 / ₹11
P/E22.0xSector median 13.7x
P/B0.8xSector median 1.4x
Book value₹21.7
Dividend yield–Sector median 0.60%
ROE3.6%Sector median 9.1%
ROCE5.8%Sector median 11.4%
OPM5.1%Sector median 7.0%
Debt / equity0.55xSector median 0.24x
EV/EBITDA18.4xSector median 8.9x
Interest cover2.3x
Current ratio2.61x
Sales growth 3y+0.2%Sector median +7.7%
Profit growth 3y+10.3%Sector median -9.8%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 51 companies in Logistics Solution Provider (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹10 cr vs borrowings ₹124 cr (FY26): borrowings are higher by ₹115 cr.
- Operating profit covered interest 2.3x in the last 12 months.
- 10.57% of the promoters' shares are pledged (5.8% of all shares).
- Promoter holding rose by 1.02 percentage points in a year, to 55.21% (2026-10-01).
- Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 98% of net profit in the last 12 months.
- Debtor days went from 131 (FY24) to 154 (FY26).
- No dividend in the last 5 financial years.
- Price ₹17.40 on 2026-10-26: -27.5% from the 52-week high, +64.9% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹37.72 · low ₹12.02
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 82 | 81 | 88 | 69 | 71 | 72 | 96 | 76 |
| EBITDA | 7 | 5 | 2 | 5 | 3 | 7 | 2 | 4 |
| OPM % | 8.0% | 6.6% | 2.8% | 7.7% | 4.0% | 9.2% | 2.2% | 5.9% |
| Other income | 0 | 0 | 0 | 0 | 3 | 1 | 2 | 2 |
| Net profit | 3 | 2 | 2 | 2 | 2 | 3 | 1 | 2 |
| EPS (₹) | 0.29 | 0.20 | 0.18 | 0.18 | 0.19 | 0.34 | 0.08 | 0.18 |
| Revenue YoY | -13.7% | -11.2% | +9.2% | +9.4% | ||||
| Profit YoY | -36.6% | +77.8% | -60.2% | +12.9% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 250 | 306 | 335 | 329 | 308 | 315 |
| EBITDA | 15 | 20 | 21 | 22 | 17 | 16 |
| Net profit | 4 | 6 | 8 | 10 | 8 | 8 |
| EPS (₹) | 0.85 | 1.15 | 0.84 | 1.03 | 0.78 | 0.79 |
| Revenue growth | +22.2% | +9.5% | -1.9% | -6.3% | -1.8% | |
| Profit growth | +35.4% | +39.0% | +27.8% | -24.4% | -4.5% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +0.2% | +6.0% | -1.8% |
| Net profit | +10.3% | +40.2% | -4.5% |
| EPS | -12.1% | +22.7% | – |
| Share price | – | -19.2% (2y) | -9.8% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 105 | 194 | 219 | 227 |
| Borrowings | – | 119 | 103 | 106 | 124 |
| Cash & equivalents | – | 8 | 21 | 16 | 10 |
| Total assets | – | 243 | 317 | 345 | 372 |
| Fixed assets | – | 10 | 10 | 6 | 22 |
| Capital work in progress | – | 0 | 0 | 4 | 0 |
| Investments | – | 0 | 5 | 5 | 9 |
| Receivables | – | 115 | 120 | 125 | 130 |
| Inventory | – | 0 | 0 | 0 | 0 |
| Payables | – | 3 | 3 | 6 | 4 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -10 | -14 | -46 | -21 | -9 |
| Cash from investing | -2 | -3 | -6 | -2 | -16 |
| Cash from financing | 15 | 18 | 65 | 17 | 19 |
| Capex | 3 | 4 | 3 | 5 | 15 |
| Free cash flow | -13 | -18 | -49 | -26 | -24 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 5.5% | 4.1% | 4.7% | 3.4% |
| ROCE % | – | 7.7% | 6.5% | 6.2% | 5.7% |
| Debtor days | – | 138 | 131 | 138 | 154 |
| Inventory days | – | 0 | 0 | 0 | 0 |
| Payable days | – | 3 | 3 | 6 | 5 |
| Cash conversion cycle (days) | – | 135 | 128 | 132 | 149 |
| Working capital days | – | 118 | 201 | 226 | 247 |
Shareholding
| Holder | % (2026-10-01) |
|---|---|
| Promoters | 55.21% |
| Public (non-institutions) | 44.79% |
| Quarter | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Jun 2026 | Sep 2026 | Oct 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 54.19% | 54.19% | 54.19% | 54.19% | 54.19% | 56.16% | 55.21% | 55.21% |
| Promoter group | % |
|---|---|
| Necc Automobiles Private Limited | 15.15% |
| Necc Securities Private Limited | 12.96% |
| Vanya Jain | 9.13% |
| Sunil Kumar Jain | 8.09% |
| Utkarsh Jain | 6.91% |
| Suvi Developers Private Limited | 2.97% |
| Public holders above 1% | % |
|---|---|
| Religare Finvest Ltd | 5.78% |
| Forest Vincom Private Limited | 2.12% |
| Brilliant Investment Consultants Private Limited | 2.02% |
| Discovery Buildcon Private Limited | 1.68% |
| Peeyush Kumar Aggarwal | 1.39% |
| Sawarnbhumi Vanijya Private Limited | 1.27% |
41,052 shareholders. Pledged: 10.57% of promoter shares.
Peers in Logistics Solution Provider
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| CONCOR | ₹31,348 cr | 25.1x | 2.4x | 9.8% | 13.2% | 21.6% | +3.6% | 2.22% |
| DELHIVERY | ₹28,082 cr | 300.0x | 2.9x | 1.0% | 2.2% | 5.5% | +13.3% | – |
| SHADOWFAX | ₹16,722 cr | 128.7x | 9.6x | 6.4% | 7.5% | 5.0% | – | – |
| BLUEDART | ₹10,124 cr | 35.3x | 5.7x | 17.2% | 23.6% | 15.3% | +5.9% | 0.59% |
| TCI | ₹6,508 cr | 14.2x | 2.5x | 19.4% | 15.8% | 10.6% | +9.1% | 1.08% |
| TVSSCS | ₹4,879 cr | 75.7x | 2.4x | 3.4% | 8.3% | 7.0% | – | – |
| VRLLOG | ₹4,687 cr | 17.6x | 4.1x | 24.0% | 28.1% | 20.4% | +6.7% | 3.73% |
| MAHLOG | ₹3,871 cr | 104.6x | 3.3x | 4.8% | 11.9% | 5.5% | +10.9% | 0.46% |
| AFCOM | ₹3,781 cr | 18.9x | 8.3x | 54.4% | 45.9% | 35.1% | – | – |
| NECCLTD | ₹182 cr | 22.0x | 0.8x | 3.6% | 5.8% | 5.1% | +0.2% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-23 | Other | Annual General Meeting |
| 2023-09-08 | Other | Annual General Meeting |
| 2023-06-02 | Rights | Rights 9:10 @ Premium Rs 8/- |
| 2022-09-22 | Other | Annual General Meeting |
| 2021-09-21 | Other | Annual General Meeting |
| 2020-09-21 | Other | Annual General Meeting |
| 2019-09-20 | Other | Annual General Meeting |
| 2018-09-19 | Other | Annual General Meeting |
| 2017-09-20 | Other | Annual General Meeting |
| 2016-09-22 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Services |
| Industry | Logistics Solution Provider |
| Sub-industry | Logistics Solution Provider |
| Symbol | NECCLTD |
| BSE code | 534615 |
| ISIN | INE553C01016 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.